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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom CB Leading Economic Index MoM held to 0.4% in March 2013
FMPMonthlyReleased April 2013
United Kingdom CB Leading Economic Index MoM held to 0.4% in March 2013, released April 2013.
Latest Release
0.400000
Actual
—
Consensus
—
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CB Leading Economic Index MoM (United Kingdom) was reported at 0.4% in April 2013.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Core Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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CB Leading Economic Index MoM - UK
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About CB Leading Economic Index MoM — United Kingdom
DEFINITION
The CB Leading Economic Index MoM is a monthly economic indicator that measures the overall health and direction of the economy. It is compiled by the Conference Board, a non-profit research organization, and is based on a composite of 10 different economic indicators. This index is used by investors, businesses, and policymakers to gauge the current and future state of the economy and make informed decisions. A positive change in the index indicates potential economic growth, while a negative change may signal a potential downturn.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual 0.4 %. Prior reading (Mar 2013): 0.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary neutral force in the projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.